GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you could read more about oureditorial guidelinesand our products and servicesreview methodology.
If those terms piqued your attention, youre not alone.
As with any financial service, One has its advantages and disadvantages.
Below, well explore the reasons you should definitely consider opening an account and the reasons to think twice.
you’re free to set up multiplesavings goalsand allocate portions of your deposits to each Pocket.
Its a simple yet effective way to stay organized and motivated.
According toThe College Investor, The One account offers up to 5.00% APY on your savings.
This includes the funds in your Savings Pockets.
The ability to earn a healthy APY on your funds is undeniably attractive.
There are no monthly service fees, making it easy to keep more of your money.
At ATMs, you’ve got the option to withdraw up to $500 per day.
For example, it lacks options likecertificates of deposit (CDs)ormoney market accounts.
Additionally, to access some of those amazing interest rates, youll have to meet certain requirements.
Its high APY, goal-oriented savings tools, and Walmart-specific perks make it worth considering.
However, its limitations like the lack of comprehensive banking products and potential fees might not be for everyone.
More From GOBankingRates
Share This Article:
